Shares of J Sainsbury plc (NASDAQ:JSAIY) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

Separately, Zacks Investment Research upgraded shares of J Sainsbury plc from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday.

Shares of J Sainsbury plc (NASDAQ JSAIY) traded down 3.17% during midday trading on Monday, reaching $13.15. The company’s stock had a trading volume of 70,810 shares. J Sainsbury plc has a 12 month low of $11.08 and a 12 month high of $14.70. The company has a market cap of $7.18 billion and a PE ratio of 15.51. The company’s 50-day moving average price is $14.13 and its 200-day moving average price is $13.35.

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J Sainsbury plc Company Profile

J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).

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